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20121126
20121126
Search Results 0 to 7 of about 8 (some duplicates have been removed)
don't get growth if you raise tax rates. and, california and several to the states, the top rate is approaching 50%, effectively with a 50% top rate. and, business has as much incentive to fire somebody, to lower costs, as to hire somebody to increase revenues. >> lou: we have a contemporaneous pareexperiment g on, in california bringing tax levels above 50%, the nation, right now, getting rea to move higher are we going to see california behave that's cas th in the coal mine, if you will when it comes to economic growth and the ability to support an ever-growing government. >> yes, people are fleeing california. california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfare recipients pour in and you get an unsustainable state of affairs, and that is california. unsustainable and meanwhile they are destroying silicon valley, which has been america's greatest asset. a source of all of our technology and our military power and potential for growth and we are skling it over with a cast of green goo and everybody is angling for gree
. is california a test case for the rest of the country when it comes to a carbon tax? the formerly golden state's cap and trade auction very accessful apparently and brought money into the government. we'll talk to a leading analyst about that and is america becoming an entitlement society? i think you know the answer, we'll discuss that with the man who wrote the book, "a nation of takers" coming up for you. the seven early movers, downgraded mcdonald's, and down 86. and research in notion, big gains friday, opens for the blackberry 10, up nearly 12 bucks. and dreamworks, new movie, "rise of the guardians, fourth for the box office over the weekend. a little disappointing and it's down a little. and knight capital electronic trading firm, investors think they could sell the largest unit to raise cash even though the chief executive plays it. fair and balanced stock, look at that, up nearly 25% in two weeks and the brokerage firm bernstein expects to continue upgrading facebook and putting the price target at $33. it's 25 this morning. and then we have yahoo! goldman sachs adds it to the convic
americans started going west following the california. for example, the california gold rush. a land didn't belong to them. the country did not belong to them. it was mexico. you went in, but 800 mining claims association got 3 million americans. after a while you decided, why keep on shooting at each other. in the beginning of the 20th century you go out, create a private property system. that brought in banks, and you create. >> but california really got rich. the rest of the world is not. what is the difference? >> you americans at that time were absolutely conscious of what the rule of law was about. people kept on moving from the east coast to the west coast george washington called in bandied. the band is don't have a right to be here. congress can around and said, oh, yes ey do. you start rewarding properton the basis of improvement. john: we did not always have these in america. american settlers worked out their own generally exempted right to property. >> those areas where you shaved off part of the tree. indicate they had accepted it. in some cases where they grew corn, for exa
at a victoria's secret in sacramento, california. in a mall, two women were digging through a been and the fight started. it escalated their and involved three man. it is unclear what the cause of the mayhem was or how does changed course. what happened in the spirit of giving and holiday cheer -- this is like all over a pair of underwear. >> have you ever thought of her underwear and victoria's secret? >> i mean, this is so crazy. melissa: maybe i have, but i have not seen a lot of guys do it. this is just two guys slugging each other and it makes no sense to me. as the mail in the conversation, tell us what makes and. >> this is what happens when you grab a guy off the couch on friday after thanksgiving. look at the anger. melissa: even and victoria's secret, he was man beyond comprehension. and the chairman of hsbc wants tankers to start swearing an oath similar to that of what doctors take. it will help revive the banking industry in the wake of this financial crisis. what do you think? >> it is a great idea. but the oath is only so good. if you don't have an honest thinker, if you have non-
have 55% of the assets they need for current and future retirees. look at the northern california joint pension, 20,000 workers funded at 65%. theonly have 60% of what they need. to fix this pension problem, new workers. they're trying to organize wal-mart. they want these wal-mart workers to pay contributions to the pension fund and they won't be getting it out for many years that which point -- gerri: this points out what a prize walmart is. 1.3 million workers, and it would be, a bailout for the unions. they are not concerned about wal-mart workers here. it is about their own obligations. >> you don't think they're telling these wal-mart workers if they join the union if walmart becomes unionize these workers would buy into these pensions. they're not telling them that all. there saying join a save you will be better off but these workers would be better off with i r as and 401(k) plans and pension they will get back rather than putting money into a failed pension. none of your listeners would put money into a pension of 55%. gerri: jeff flock was on the ground looking at who was out
are in california. washington state governor is leaving office in two months but still pushing for congress to approve the right for states to improve online sales taxes from out-of-state companies. willing to fly to washington to get an online tax passed. that is your west coas your "wet minute." dennis: in investors jump out of the stock market. christie saw the second-highest sale on record a recent postwar art auction bringing $412 million in this week and other south american art featuring this norman rockwell piece. the auction in today's bringing tha total of $33 million sales. this is one of the prized pieces. how much will it go for, do you figure? speak we understand $300,000 a reasonable estimate. dennis: in september he had another rockwell auction that went especially low. art has been selling for more than you had expected recently. >> sales have been at their highest. over $770 million of art and we're hoping to continue with the american art sale november 28. dennis: 124 nations. with rockwell, not a lot of foreign demand. will that keep it down? >> since it is our hometown
is doing incredibly well. maybe they are not as caught up. so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in europe and greece. almost generational lows. a lot of the risk is already been taken out.pensive markets in the world. not but 20 or 30% maybe 4%, 5% of u.s. you have to look elsewhere. liz: what are the three areas you like most? speaker in the u.s. overweight financials foreign. we're getting higher exposure to a lot of european countries. some emerging countries outside of europe, thailand turkey, that has had a particularly good momentum. a phenomenal run many index was up 15, 20, 30%. you have the perfect environment for them with high yield environ
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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